March 29, 2012
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Transcript of March 29, 2012
March 29, 2012
Water Resources: Utilizing Technology, Partnerships and Nature
Michele N. Siekerka, Esq.Assistant Commissioner
Water Resource ManagementNew Jersey Department of Environmental Protection
What is Green Infrastructure?
• Utilizing soil and vegetation to manage rainwater where it falls • Infiltration• Vegetative uptake• Storage
Sustainable ROI• Environmental: can both manage
stormwater volume and treat runoff for a variety of pollutants
• Social : aesthetically pleasing and community building
• Economic: Can reduce the capital costs and O & M costs of gray technology; short term quicker impact
• Strategic Integrated Approach to Water Quality
• Leveraging Funding• NJDEP State Revolving Loan Fund
Federal pass through money; principal forgiveness
• NJ Environmental Infrastructure Trust
New Jersey’s Independent Financing Authority responsible for funding Environmental Infrastructure projects that protect the State’s natural resources and public health
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Policy Driving Action
2 Main Qualification Categories :
1. Clean Water• Point Source Clean Water Projects (WTF, CSO, Sludge, etc.)
• Non-Point Clean Water Projects (Storm water, Equip, Remediation)
2. Drinking Water
• Safe Drinking Water Projects (Treatment, Distribution)
Program Qualification -Water Quality Component
Examples of EIT Eligible “Green Projects”
Why Borrow Through NJEIT?Why Borrow Through NJEIT?AAA / Aaa Loan Rate ComparisonsAAA / Aaa Loan Rate Comparisons
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NJEIT 50% / 50% NJEIT 75% / 25% AAA New Jersey Municipal Bond Rate
Low “net” rate = blend of DEP 0% rate and AAA “market” rate
20 yr. savings on $1mm Borrowed:~ $120,000 / each 1% saved
Additional Benefits…Lower all-in financing costs•Economies of scale in co-mingled pool. Borrowers pay proportionate share of issuance fees (rating agency, underwriter, trustee, etc.). Equates to lower cost/borrower
Capitalized interest / Deferred Payments•Borrowers may capitalize Interest and defer repayment of Principal costs during construction… until completion of the project, up to six months after construction ( not to exceed 3 years from the loan)
Interim financing•0% financing is available to municipal borrowers (2% to Private Entities / Utilities) prior to long-term loan funding, providing timing flexibility for shovel-ready projects… And MUCH more …
Resources• USEPA Green Infrastructure web page
http://water.epa.gov/infrastructure/greeninfrastructure/index.cfm
• Implementing Watershed-Based Green Infrastructure for Stormwater Management: Case Study in Blacksburg, Virginiahttp://www.cabellbrandcenter.org/Downloads/sr452009.pdf
• NYC Green Infrastructure Plan, A sustainable Strategy for Clean Waterways
http://www.georgetownclimate.org/resources/nyc-green-infrastructure-plan-a-sustainable-strategy-for-clean-waterways
• Rooftops to Rivers, Green Strategies for Controlling Stormwater and Combined Sewer Overflows http://www.nrdc.org/water/pollution/rooftops/contents.asp
• The Value of Green Infrastructure for Urban Climate Adaptationhttp://www.cakex.org/virtual-library/value-green-infrastructure-urban-climate-adaptation
• A Triple Bottom Line Assessment of Traditional and Green Infrastructure Options for Controlling CSO Events in Philadelphia's Watersheds http://www.epa.gov/npdes/pubs/gi_phil_bottomline.pdf
Contact Information• http://www.njstormwater.org/
• http://www.njstormwater.org/bmp_manual2.htm
• Michele N. Siekerka, Esq. Asst. Comm. 609-292-4543 [email protected]
• Adriana Caldarelli 609-984-3660 [email protected]
• Sandy Blick 609-633-7045 [email protected]